Franchise Operations
The Franchise Supply Chain
When you think about your franchise investment, you may see yourself welcoming customers into your franchise or relaxing on the boat your franchise business will buy you. You should also be thinking about your supply chain. The supply chain of your franchise business includes every step of the journey from…
Seasonal Franchises – A Good Thing?
We’ve seen toy stores that made 90% of the year’s revenue in the run-up to Christmas, wedding services that were busy all summer and scraped along through the winter, and tax services that didn’t even stay open outside of tax season. If you want a full-time income throughout the year,…
Franchise Business as a Time Machine
At a recent start up event in her community, Katie was the only person who raised her hand when a certain question was asked, and it was a surprise for her. Start-up events are becoming more and more popular in communities across the nation. These events, which range from meet-ups…
Who Was the First Franchisor?
The father of modern franchising was probably Isaac Singer, who made practical sewing machines in the 1800s. He had a couple of problems with his machines. First, while people were excited about sewing machines, they couldn’t use them without training, so the machines weren’t exactly jumping off the shelves in…
SBA Reviews Franchise Loan Guidelines
There has been quite a bit of controversy recently around the question of whether franchisees are big businesses or small ones. Much of the debate has centered around the question of whether franchisees have to follow laws about employees as though they were multimillion dollar corporations, as some franchisors are,…
Franchise Opportunities for Retirees
Retirees increasingly look to franchise opportunities for a second career, and it’s no surprise. Their grandparents might have spent a few years in retirement, caring for grandchildren or enjoying their declining years with friends. Their parents might have gone on cruises and had a decade of leisure. But the Baby…
How Does Your Franchise Opportunity Use Data?
When you’re vetting franchise opportunities to find the best option for your future, you’ll look into the business model of each one. You’ll look at their products and marketing plan. You’ll talk to current franchisees and make sure you understand the franchisor-franchisee relationship. You should also check how the franchisor…
Franchise Business Vendors
When you choose a franchise business, you’ll have some of the same challenges as any other business. You will have costs, including supplies, materials, and maybe also wholesale prices on goods that you resell. Whether it’s tomatoes for the sandwiches you sell, skin care products for your spa, or drug…
Planning for Innovation with Your Franchisor
Look ahead a couple of years… you’ve chosen the perfect franchise for you — let’s say a spa services franchise with automated mobile booking. It combines a luxurious boutique feel at check-in with automated services and a terrific automated email drip system that brings customers back frequently. Sure, you had…
Accidental Franchises?
Any franchise you find listed here at America’s Best Franchises — and don’t miss the New Franchises page to see the latest listings — is a franchise opportunity available for investment. But there is something you might not have heard of before: an accidental franchise. The American Bar Association lists…